First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) Short Interest Down 90.0% in August

Key Points

• First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX) experienced a significant decline in short interest, dropping 90.0% to just 100 shares as of August 31st, indicating a strong shift in investor sentiment.
• The fund's stock increased by 1.6% to $126.34 during trading on Thursday, with a market cap of $1.23 billion and a price-to-earnings ratio of 14.19.
• First Trust Mid Cap Core AlphaDEX Fund announced a quarterly dividend increase to $0.2671 per share, representing an annualized dividend of $1.07 and a yield of 0.8%.

First Trust Mid Cap Core AlphaDEX Fund (NASDAQ:FNX - Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 100 shares, a decline of 90.0% from the August 15th total of 1,000 shares. Based on an average daily volume of 19,200 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 19,200 shares, the short-interest ratio is presently 0.0 days.

First Trust Mid Cap Core AlphaDEX Fund Trading Down 0.1%

Shares of NASDAQ FNX traded down $0.07 during midday trading on Tuesday, hitting $124.91. The company's stock had a trading volume of 9,696 shares, compared to its average volume of 28,691. The stock has a fifty day moving average price of $120.35 and a 200 day moving average price of $112.96. First Trust Mid Cap Core AlphaDEX Fund has a one year low of $93.19 and a one year high of $127.98. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 14.19 and a beta of 1.20.

First Trust Mid Cap Core AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a dividend of $0.2671 per share. This is a boost from First Trust Mid Cap Core AlphaDEX Fund's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $1.07 dividend on an annualized basis and a yield of 0.9%.

Institutional Trading of First Trust Mid Cap Core AlphaDEX Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of FNX. Mercer Global Advisors Inc. ADV increased its holdings in First Trust Mid Cap Core AlphaDEX Fund by 44.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 2,990 shares of the company's stock worth $346,000 after acquiring an additional 915 shares during the period. Bank of America Corp DE increased its holdings in First Trust Mid Cap Core AlphaDEX Fund by 2.8% during the 4th quarter. Bank of America Corp DE now owns 133,345 shares of the company's stock worth $15,431,000 after acquiring an additional 3,612 shares during the period. Citadel Advisors LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter worth approximately $2,870,000. Royal Bank of Canada increased its holdings in First Trust Mid Cap Core AlphaDEX Fund by 8.5% during the 4th quarter. Royal Bank of Canada now owns 248,407 shares of the company's stock worth $28,745,000 after acquiring an additional 19,517 shares during the period. Finally, Richmond Investment Services LLC bought a new stake in First Trust Mid Cap Core AlphaDEX Fund during the 4th quarter worth approximately $242,000.

About First Trust Mid Cap Core AlphaDEX Fund

The First Trust Mid Cap Core AlphaDEX Fund (FNX) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Mid Cap Core index. The fund tracks a tiered equal-weighted index of US mid-cap equities selected using both growth and value screens. FNX was launched on May 8, 2007 and is managed by First Trust.